Strategic Allocation: Correlations

ASMDX Fund

USD 6.95 0.01 0.14%

The current 90-days correlation between Strategic Allocation: and Blackrock Advantage Large is 0.53 (i.e., Very weak diversification). The correlation of Strategic Allocation: is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Strategic Allocation: Correlation With Market

Poor diversification

The correlation between Strategic Allocation Moderate and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Moderate and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Strategic Allocation Moderate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Strategic Mutual Fund

0.76	ABALX	American Balanced	Pair Corr
0.96	BALCX	American Balanced	Pair Corr
0.79	BALFX	American Balanced	Pair Corr
0.96	FBONX	American Funds American	Pair Corr
0.96	FBAFX	American Funds American	Pair Corr
0.96	RLBCX	American Balanced	Pair Corr
0.96	RLBBX	American Balanced	Pair Corr
0.77	CLBAX	American Balanced	Pair Corr
0.96	CLBEX	American Balanced	Pair Corr
0.96	RLBFX	American Balanced	Pair Corr
0.85	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.85	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.7	RSNYX	Victory Global Natural	Pair Corr
0.7	RGNCX	Victory Global Natural	Pair Corr
0.71	RSNRX	Victory Global Natural	Pair Corr
0.65	PMPIX	Precious Metals Ultr	Pair Corr
0.74	FELIX	Fidelity Advisor Sem	Pair Corr
0.67	FELAX	Fidelity Advisor Sem	Pair Corr
0.88	BA	Boeing	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr

Moving against Strategic Mutual Fund

0.47	HPQ	HP Inc	Pair Corr
0.38	MMM	3M Company	Pair Corr

Related Correlations Analysis

	FCLKX	JDVNX	TRCPX	GMLVX	PAVLX	LTFOX	CBLSX	MLRKX
FCLKX		0.98	0.93	0.86	0.95	0.92	0.94	0.95	FCLKX
JDVNX	0.98		0.95	0.87	0.95	0.89	0.96	0.92	JDVNX
TRCPX	0.93	0.95		0.76	0.98	0.93	0.96	0.94	TRCPX
GMLVX	0.86	0.87	0.76		0.8	0.71	0.77	0.72	GMLVX
PAVLX	0.95	0.95	0.98	0.8		0.94	0.94	0.94	PAVLX
LTFOX	0.92	0.89	0.93	0.71	0.94		0.89	0.93	LTFOX
CBLSX	0.94	0.96	0.96	0.77	0.94	0.89		0.91	CBLSX
MLRKX	0.95	0.92	0.94	0.72	0.94	0.93	0.91		MLRKX
	FCLKX	JDVNX	TRCPX	GMLVX	PAVLX	LTFOX	CBLSX	MLRKX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Allocation: Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Strategic Allocation:'s multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCLKX	0.55	0.07	0.07	0.15	0.60	(0.57)	1.28	(1.32)	3.76
JDVNX	0.70	0.16	0.19	0.22	0.53	(0.82)	1.47	(1.28)	8.49
TRCPX	0.63	0.19	0.27	0.33	0.25	(0.77)	1.36	(1.06)	8.54
GMLVX	0.64	0.16	0.23	0.34	0.31	(0.83)	1.47	(0.98)	3.10
PAVLX	0.60	0.11	0.16	0.17	0.39	(0.67)	1.60	(1.04)	6.01
LTFOX	0.64	0.18	0.22	0.69	0.38	(0.80)	1.08	(0.93)	8.46
CBLSX	0.77	0.24	0.28	0.43	0.30	(0.98)	1.54	(1.02)	14.41
MLRKX	0.60	0.09	0.09	0.18	0.69	(0.65)	1.28	(1.11)	5.55

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